Wordnet 3.0
ADJECTIVE (4)
1. 
 with feet flat on the ground; 
 not tiptoe; 
2. 
 unprepared and unable to react quickly; 
- Example: "the new product caught their competitors flat-footed"3. 
 having broad flat feet that usually turn outward; 
- Example: "a slow flat-footed walk"4. 
 without reservation; 
- Example: "a flat-footed refusal"
The Collaborative International Dictionary of English v.0.48:
Flat-footed \Flat"-foot`ed\, a.
   1. Having a flat foot, with little or no arch of the instep;
      suffering from fallen arches. [WordNet sense 3]
      [1913 Webster]
   2. Firm-footed; determined. [Slang, U.S.]
      [1913 Webster]
   3. clumsy; amateurish; pedestrian; unimaginative; plodding;
      as, flatfooted prose.
      [PJC]
   4. Without reservation; without evasion or compromise; firm;
      as, a flat-footed refusal; a flatfooted denial. [WordNet
      sense 4]
   Syn: downright, forthright, foursquare, head-on,
        straightforward.
        [PJC]
   5. With feet flat on the ground; not tiptoe. [WordNet sense
      1]
      [WordNet 1.5]
   6. Unprepared and unable to react quickly; as, the new
      product caught their competitors flat-footed. [WordNet
      sense 2]
   Syn: unready.
        [WordNet 1.5]
   To catch (one) flatfooted to catch (a person) unprepared;
      to catch (a person) by surprise.
      [PJC]
WordNet (r) 3.0 (2006):
flat-footed
    adj 1: with feet flat on the ground; not tiptoe
    2: unprepared and unable to react quickly; "the new product
       caught their competitors flat-footed"
    3: having broad flat feet that usually turn outward; "a slow
       flat-footed walk"
    4: without reservation; "a flat-footed refusal"